Which part is frightening, Sam? On 4/8/2011 4:40 PM, Samuel Bostaph wrote: > "Frightening" would be my term of choice, rather than "interesting." > > Samuel Bostaph, Ph.D. > Champaign, Illinois > > "Men occasionally stumble over the truth, but most of them pick > themselves up and hurry off as if nothing happened."--Winston Churchill > > --- On *Fri, 4/8/11, Humberto Barreto /<[log in to unmask]>/* wrote: > > > From: Humberto Barreto <[log in to unmask]> > Subject: [SHOE] SHOE: DeLong on Econ Ed > To: [log in to unmask] > Date: Friday, April 8, 2011, 1:41 PM > > I thought many on this list would find today's blog post by DeLong > interesting: > > http://delong.typepad.com/sdj/2011/04/thoughts-on-economics-education-in-america.html > > DeLong writes: > > "I suppose that I am still astonished at the failure of the financial > crisis and the Great Recession to bring about a sea-change in the > teaching of graduate macro. I expected people to say: we need to train > our stunts to know--we need to learn--what Reinhart and Rogoff know. > There is no point in turning out students who know the models of > Prescott who do not know the models of Say, Mill, Bagehot, Wicksell, > Fisher, Hicks, Metzler, Friedman, Tobin--Keynes. There has been only > one road-to-Damascus conversion among those who previously darkeneth > counsel without wisdom: Richard Posner--who admits to never having > read Keynes in the past-- finally did so, and says that he is now a > Keynesian." > > > -- > Humberto Barreto > -- Pat Gunning Professor of Economics Melbourne, Florida http://www.nomadpress.com/gunning/welcome.htm